Huazhu expects net revenues to decline 32% to 34% year-over-year in the second quarter of 2020, or 35% to 37% if excluding the addition of Deutsche Hospitality.
Disney is to cut a significant number of jobs in Hong Kong over the coming months; Trip.com Group to sell trips to South Korea in live streaming show.
Foreign hotel companies are setting up their flagship stores on Ctrip and Fliggy, and looking at them as a way to let locals shop in a way they are accustomed to.
Hoteliers and revenue managers must rethink their commercial strategy to navigate the new normal.
Hilton plans to build more than 1,000 Home2 Suites in China; Chinese hotels are in desperate need of strategies to compete with Western chains.
China remains the single largest country with some 11.9 million scheduled flight seats last week; Accor worked with Ctrip, Fliggy, Meituan and WeChat to capture domestic demand in China.
Live streamers need to offer popular and quality products at heavily discounted prices, but that may pose a dilemma between increasing demand and maximizing profitability.
US denied a request by Chinese airlines to increase the number of flights; China's 600 km/h maglev vehicle completes trial run.